Aston Lark announces UKGlobal as its 50th acquisition since its formation in 2018.
UKGlobal Broking Group arranges insurance for a wide range of commercial sectors, as well as private clients, through a number of specialised schemes and association relationships. UKGlobal’s Healthcare segment provides businesses with private medical insurance to protect their staff, while UKGlobal Group Risk provides group risk insurance and company protection insurance.
The company’s management and team members will all stay on, as will the UKGlobal brand.
Aston Lark Group CEO Peter Blanc says: “I’ve known Nic, Matt, Phil and of course Philip Hodson for many years. They are first class insurance brokers and have a true client-first ethos. They have bult an outstanding business and we now have an opportunity to partner together to more than double the business again over the coming few years. I’m delighted that they have chosen to partner with Aston Lark and I’m so excited about what we will achieve together over the coming years. Welcome aboard to the whole UKGlobal team!”
UKGlobal Group CEO Matthew Bray says: “We have enjoyed fast growth in the last five years and when Peter approached us, it became apparent that a link-up would accelerate our plans and enable us to offer even more to our clients and team. Finding the right cultural match has been imperative and in Aston Lark we have found an organisation that shares the same fundamental values that underpin our business and the way we care for our people, clients and insurer partners.”
UKGlobal group executive chairman Nic Hamblin says: “This arrangement is an excellent fit and I am delighted that our business will become part of a market-leading broker. I am very much looking forward to this next part of our journey.”
UKGlobal Risk Solutions CEO Phil Truman says: “We are joining a forward-thinking business with a remarkable array of capabilities which complement our aspirations. This opportunity will provide us with additional scale in corporate and international broking sectors and we look forward to collaborating with the wider group.”
UKGlobal investor Phillip Hodson says: “I am delighted that the top team of Matthew, Nic, Phil and Stephen Proctor, our excellent CFO, are taking the next stage of the business development with Peter, whom I know well from our previous roles. I believe the clients and staff of UKGlobal will benefit from this tie-up in the months and years to come.”
